Cement News tagged under: Semen Indonesia

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Semen Indonesia IDR6trn expansion

06 January 2017, Published under Cement News

Semen Indonesia has designated IDR6trn (US$449.1m) for capital expenditure in 2017 to finance its expansion programme. The programme includes the development of four plants set to add 10.5Mta to the company’s current installed capacity of 32.3Mta. Two plants are already under construction. Approximately IDR1trn of the year’s spending will be channelled into the construction of the Rembang plant in Central Java and the Indarung VI plant in Padang, West Sumatra, which have both entered into...

Protests again Semen Indonesia plant

06 December 2016, Published under Cement News

Approximately 300 people from Rembang, Central Java, have marched 150km in protest of the construction of a cement plant in the area by state-owned Semen Indonesia. The march was undertaken in a bid to force Central Java Governor, Ganjar Pranowo, to revoke the environmental permit issued to Semen Indonesia for the project in 2012.

Semen Indonesia

19 October 2016, Published under Cement News

Despite missing out on its bid to win shares in Holcim (Lanka) Ltd in Sri Lanka back in July, Semen Indonesia says that it is pushing ahead with its expansion plans throughout the ASEAN region. 2016 will see the commissioning of its new 8000tpd, greenfield plant near Rembang in Central Java, forming part of the company’s plan to target production of up to 100Mta by 2030. This is despite a recent decision by Indonesia’s Supreme Court to cancel an environmental permit for the plant, which is c...

Semen Indonesia to continue Rembang construction

12 October 2016, Published under Cement News

Despite the decision of Indonesia’s Supreme Court to cancel an environmental permit for Semen Indonesia's Rembang plant, the cement producer will continue the construction of the works. Semen Indonesia's Corporate Secretary, Agung Wiharto, said: "As a publicly-listed state owned company, the management will comply with the legally-binding court decision ...(but,) until we receive the official copy of the ruling, we'll continue construction.” The project represents an investment of ID...

Semen Indonesia to sell 49% stake in unit

13 June 2016, Published under Cement News

Indonesia's largest cement producer, Semen Indonesia, plans to sell a 49 per cent stake in one of its units to help fund the company's future expansion, according to Investor Daily quoting the firm’s Finance Director, Darmawan Junaidi. The strategic investor will hold the stake for a limited period, tentatively 10 years. However, which subsidiary's stake will be sold remains currently undisclosed. Semen Indonesia has four subsidiaries – PT Semen Gresik, PT Semen Padang, PT Semen Tonasa and...

Rizkan Chandra new Semen Indonesia President Director

17 May 2016, Published under Cement News

Semen Indonesia's Board has elected Rizkan Chandra as new President Director at its Annual General Director. The current term of his appointment runs until 2020. Mr Chandra was born in Jakarta on 27 January 1969. He majored in Informatics Engineering ITB and obtained his masters in Management of Technology at the National University of Singapore. He previously served as Director of PT Semen Indonesia (Persero) Tbk, Director of Network, IT& Solution PT Telekomunikasi Indonesia (Persero...

Semen Indonesia to invest US$2.2bn over next five years

16 May 2016, Published under Cement News

Semen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between existing operations, entry into new markets and downstream acquisitions. According to reports on Deal Street Asia, Semen Indonesia is looking to acquire majority interests in ready-mix and precast businesses. The firm is also planning to expand further afield and is considering its options in four countries, includin...

Indonesia: Widodo to meet with cement plant protestors

18 April 2016, Published under Cement News

Indonesian president Joko Widodo will meet with nine women who encased their feet in concrete in protest over the construction of a cement factory in Java. According to reports in JKT Globe, the women are objecting to the planned construction of a Semen Indonesia plant near Mount Kendeng in Rembang district, Central Java.  "The nine women have been promised a meeting with the president, and they believe that they have achieved their objectives," said Yunita, a lawyer at the Jakarta Leg...

Semen Indonesia sets up Aceh joint venture

18 March 2016, Published under Cement News

PT Semen Indonesia Tbk and PT Samana Citra Agung on 17 March signed agreement to set up a joint venture company, called PT Semen Indonesia Aceh, which will engage in producing and distributing cement. The agreement was signed by president director of Semen Indonesia, Suparni, and president director of Samana Citra Agung, Deni Fahlevi in Jakarta. Samana Citra is based in Aceh, on the northern tip of Sumatera Island. Both parties have agreed to invest a total of IDR5trn (US$383.3m) in estab...

Semen Indonesia eyes 4-5% first-half sales growth

04 March 2016, Published under Cement News

Semen Indonesia expects cement sales to grow between 4-5 per cent in Jan-Jun, driven by the government's push for infrastructure projects, Bisnis Indonesia reported quoting Suparni, president director of the company. For full-year 2015, the company reported an 18.7 per cent drop in net profit to IDR4.52trn (US$336.56m) due to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar. Total sales volumes rose by 0.4 per cent to ...